We are long term investors who aim to deliver a truly sustainable Pension Fund ensuring that it is affordable, delivers financially to meet the objectives of our scheme employers and is invested responsibly.
We also think investors, including pension fund managers and shareholders, could influence the Board/Directors of underperforming companies to improve the management and financial performance of those companies and consequently we have policies and processes for identifying companies for engagement, and for voting stocks; voting and engagement activities, and evidence of outcomes from those activities.
We believe working in partnership will make us more effective in delivering our outcomes. Partnership working extends to building long-term relationships with our employers, fund managers and service providers; as well as regulators, other institutional investors, professional bodies and other non-governmental organisations.
Our Responsible Investment Policy outlines our overall approach and our compliance statement with the UK Stewardship Code.